Vantreight land ordered sold by supreme court

Over 200 acres of farmland in Central Saanich was sold for $8.75 million in a deal made last week

Last week, 270 acres of Vantreight Farms land was ordered sold by the B.C. Supreme Court.

The land, which went on sale last year for $20 million after a court order, was purchased by Sherry Brydson of Westerkirk Capital Corporation for $8.75 million, according to court documents.

Brydson, a Victoria native, is currently known as Canada’s richest woman, with an estimated net worth of $6.5 billion.

Brydson also owns Viking Air in Sidney.

“The sale last week stemmed from the court appointed sale of the buildings and property that we own that began last year,” explained Ian Vantreight, who owns and runs the farm with his son Ryan.

“The deal came to fruition last Thursday with an offer being made for six of the parcels by a local group. It was approved by the court with a closing date of Oct. 31,” he said.

The farm has been in the Vantreight family for five generations. Vantreight said that should the sale go through, he hopes to continue farm operations in some capacity.

“At this point it’s a priority for us to sit down with the group and see what their plans are and if they can worked in with the continued operations of Vantreight Farms,” he said.

Vantreight said the pending court sale includes the main offices and greenhouses on Central Saanich Road as well as 32 acres of land which was re-zoned into residential lots a number of years ago for the Hill Project.

Most of the proceeds from the pending sale would go to HSBC Bank, the company that sought foreclosure from the Vantreight’s last year.

Two parcels of land out of the estimated 380 acre total remain to be sold.

The farm currently employs 57 workers (full and part time) as well as hundreds of seasonal workers each year for the daffodil season.

reporter@peninsulanewsreview.com

 

 

Just Posted

Ambitious B.C. Aviation Museum need $10M to get iconic Lancaster back in the air

Volunteers flock to work on bomber, restoration expected to take 10 years

Greater Victoria Harbour Authority to fall fake eagle tree at Ogden Point

Last year a fake tree was installed to try to entice eagles to stay in the area, without much success

Saanich to recognize Coun. Judy Brownoff for a quarter century on council

Award presentation will take place Monday evening

Saanich to potentially host first hydrogen fuel station on Vancouver Island

Station proposed for corner of Quadra Street and McKenzie Avenue

UVic project shows Keating Elementary students a helping hand

Victoria Hand Project offers free 3D printed arms in eight countries

VIDEO: The ‘most cosmopolitan’ of butterflies could migrate to B.C.

The painted lady butterfly will likely arrive this summer from Southern California

Inspirational Vancouver Island youngster dies after battle with brain cancer

Kaiden Finley ‘was seriously the strongest 11-year-old’

Is it a homicide? B.C. woman dies in hospital, seven months after being shot

Stepfather think Chilliwack case should now be a homicide, but IHIT has not confirmed anything

Indecent caller handed 18-month conditional sentence

Vancouver Island man pleaded guilty to making indecent phone and video calls to women across B.C.

Sources say Trudeau rejected Wilson-Raybould’s conservative pick for high court

Wilson-Raybould said Monday “there was no conflict between the PM and myself”

First Nations public art piece stolen in Nanaimo

Spindle Whorl went missing over the weekend, according to Nanaimo RCMP

Father-son duo at B.C. Children’s Hospital helps new dads fight depression

The pair teamed up to introduce the only known research-based mindfulness workshop for new dads

Mexican restaurant in B.C. told to take down Mexican flag

General manager of Primo’s Mexican Grill in White Rock: ‘I’ve never heard of anything like this’

B.C. NDP moves to provide tax credits, tax cut for LNG Canada

Provincial sales tax break of $596 million repayable after construction

Most Read